Upcoming IPOs: Leela Hotels, Aegis Vopak Terminals and 4 other IPOs to open for subscription on May 26 and 27

Primary market investors are set to see an action-packed phase in the coming days, with as many as six new initial public offerings (IPOs) set to open for subscription next week.

As many as six public offers will open for subscription on May 26 and May 27. After gap of nearly three months primary market is witnessing floods of new public issue.

Among the main board issues, Aegis Vopak Terminals IPO, Schloss Bangalore IPO (Leela Hotels IPO) will open for subscription on Monday, May 26. The public offers of Prostarm Info Systems IPO will hit the capital market on Tuesday, May 27.

The ongoing mainboard IPO of Borana Weaves and Belrise Industries has received a decent response from investors. Borana Weaves IPO was booked 29.6 times till Day 2, while Belrise Industries was subscribed 71% till Day 1. Both IPOs

Schloss Bangalore IPO (Leela Hotels IPO)

The ₹3,500-crore IPO of Schloss Bangalore (Leela Hotels) will hit the market on Monday, May 26. The bidding window will close on May 28. This public offering is a combination of a fresh issue and an offer for sale comprising a fresh issue of 5.7 crore shares and an offer for sale of 2.2 crore shares. The company has set the price band at ₹413 to ₹435 per share for the IPO. The lot size for a single application is 34 shares, and the minimum investment is ₹14,790.

Established in 1986, the Leela brand focuses on delivering luxury rooted in Indian hospitality. The Company owns, operates, manages, and develops luxury hotels and resorts under "The Leela" brand. The company has a portfolio of 3,553 keys across 13 operational hotels under The Leela Palaces, Hotels, and Resorts.

Aegis Vopak Terminals IPO

Aegis Vopak Terminals IPO will open for subscription on Monday (May 26) to raise ₹2,800 crore from investors. The issue is a completely fresh issue of over 11.9 crore shares, worth ₹2,800 crore. The issue will close for subscription on May 28.

The company has fixed the price band at ₹223 to ₹235 per share. The minimum lot size is 63, requiring a minimum investment of ₹14,805 by retail investors.

Prostarm Info Systems IPO

Prostarm Info Systems IPO will open on Tuesday, May 27, to raise ₹168 crore from investors. The issue, which comprises a fresh issue of 1.6 crore shares, will close on Thursday, May 29.

The company has fixed the price band at ₹95 to ₹105 per share for the IPO. The minimum lot size is 142, needing a minimum investment of ₹14,910 by retail investors.

Incorporated in 2008, Prostarm Info Systems is engaged in the design, manufacturing, assembly, sale, and service of a wide range of energy storage and power conditioning equipment in India.

Three SME IPOs to open for subscription next week

Three SME IPOs are also opening for bidding next week. Blue Water Logistics, Astonea Labs and Nikita Papers IPO will open for subscription on May 27.

Founded in 2010, Blue Water Logistics offers freight forwarding, customs clearance, and transportation services. The company plans to raise ₹40.5 crore. The company has fixed the price at ₹132 to ₹135 per share. The minimum lot size is 1,000 shares.

Astonea Labs is a Haryana-based company engaged in the manufacturing and marketing of pharmaceutical and cosmetic products. The company seeks to raise ₹37.67 crore through the fresh issue of 27 lakh shares. The price band is ₹128 to ₹135 per share. The minimum lot size is 1000 shares.

Nikita Papers is engaged in the manufacturing of paper and paper products. The company specialises in producing a range of paper grades suitable for industrial, commercial, and printing applications. The company plans to raise ₹67.54 crore through the fresh issue of 64 lakh shares. The price band is ₹95 to ₹104 per share. The minimum lot size is 1200 shares.